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Serbia News

Climate & ESG;Investments & Funding

AIIB commits $125 million to OTP Bank for climate finance in Hungary, Croatia, Serbia

The Asian Infrastructure Investment Bank has committed up to $125 million to OTP Bank's Tier 2 bonds to expand climate finance across Hungary, Croatia, and Serbia. The facility supports renewable energy, energy efficiency, and greenhouse gas reduction, building on a $200 million AIIB facility approved in 2024.

Croatia;Hungary;Serbia | 2 weeks ago

Water & Sanitation

Serbia secures €66 million EBRD loan for multipurpose dam infrastructure in the Kolubara basin

Serbia has secured a €66 million sovereign loan from the European Bank for Reconstruction and Development to finance the Pambukovica dam. Located in the flood-prone Kolubara River basin, this multipurpose infrastructure project aims to bolster climate resilience, enhance regional water security, and protect local communities through sustainable water management.

1 month ago • Serbia

Renewable Energy

Nordex secures 77 MW wind turbine order for Serbian Carpathian project

Nordex has received an order to supply 11 N175/6.X turbines for the Jasikovo wind farm in eastern Serbia, including a 30-year service contract. The 77 MW project, equipped with anti-icing systems, is expected to generate over 270 GWh annually and reinforces Nordex's 425 MW footprint in the Serbian market.

2 months ago • Serbia

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.